Clare Byrne

It's your most valuable asset.

You need to make sure that that's number one priority and then specified illness cover as well.

So in the event of being diagnosed with a specified illness, you know, an unfortunate event like that kind of unexpected cover.

You're diagnosed with cancer, heart attack, stroke, etc., that you have a lump sum there, a tax free lump sum to be able to recover, get your treatment and focus then, you know, again on your financial well-being.

And unfortunately, we are seeing the age of illnesses decrease over time.

So more people in their 30s, 40s are being diagnosed with illnesses now.

So particularly breast cancer for women, heart attacks for men.

So it's really, really important that you have that cover in place to make sure then that in those eventualities that you have financial income.

Yeah, that you have the support there.

Yeah, well, look, it's again about the financial planning, you know, so if their interest rates are rising, it depends if they're on a variable rate, if they're on a tracker interest rate.

If they're on a fixed rate, their repayment won't change unless they're coming off their fixed rate.

So again, it's having that buffer fund there to be able to dip into if you need to, your emergency cash, your life events fund.

to make sure that you still have all the other essentials remaining in place and continue to pay them.

And the thing about the life insurance policies, the illness and things like that, they're guaranteed premiums.

Those prices will never change on those.

But what we do see, you know, people cancelling maybe their health insurance and that is not... That's a no-no, you're saying.

No, do not cancel it.

Because, you know, unfortunately, when we did see in the last recessions, people did cancel their policies and unfortunately then they did get sick.

And then if they were in hospital, they were relying on public health care and waiting lists.

Yeah, well, look, there'll be bumps in the road, you know, and that's the thing.